Scotland in the spotlight as TV production facility provider debuts on the stock exchange

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The company’s customers include Netflix, Disney, HBO, Sky, and the BBC and the business is almost fully booked for 2022.

The bosses highlighted the renewed interest in productions and filming north of the border, saying Scotland would play a key role in the company’s growth plans.

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ADF facilities are currently supplying installation vehicles to Anansi Boys, an Amazon Prime production based at First Stage Studios, Edinburgh. The firm also supported The Crown.

The ADF facility, which was established in 1992 in Bridgend, Wales, has the ambition to grow its business to £ 100million in revenue.

As part of its initial public offering, the provider of equipped production facilities for the upscale UK film and television industry has raised £ 15million in new money. An additional £ 3.4million has been raised for the sale of shareholders through the placement of existing shares.

The group, which was formed in 1992 in Bridgend, Wales, has ambitions to grow their business to £ 100million in revenue.

Chairman John Richards said: “ADF is delighted to now be listed on Aim at such an exciting time for the company and for the UK premium film and television (HETV) industry.

“The funds raised will further strengthen the financial position of the company by continuing to meet growing demand and also raise the profile of the company as a leading provider of high-end facilities for the motion picture and HETV industry.

“I am grateful for all the hard work of our team and the support from the shareholders. We look forward to public market life and the opportunities it offers our business. “

Managing Director Marsden Proctor added: “The UK is experiencing a boom in infrastructure investment and premium TV and film production. Driven by the global streaming giants and the insatiable appetite of their subscribers for box sets and films.

“According to the British Film Institute, production of premium films and TV shows in 2021 will have reached £ 6 billion, more than double spending in 2020. As an established company with a reputation for excellence, high-quality production facilities and a strong network of contacts throughout the industry, we are very confident in the long-term opportunities for the company.

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